Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Andre Cronje: Sonic spent $35.6 million last year on R&D, ecology, legal, infrastructure and other purposes

Andre Cronje: Sonic spent $35.6 million last year on R&D, ecology, legal, infrastructure and other purposes

CointimeCointime2024/10/23 04:16
By:Cointime

Andre Cronje, co-founder of Sonic Labs (formerly Fantom), stated that the true cost of running a blockchain (even if partially successful) for all L2 or application chains includes an initial cost of $7.5 million for oracles and stablecoins, with an annual cost of $3.5 million; an initial cost of $200,000 for RPC, indexing, and dashboards, with an annual cost of $700,000; an annual cost of $500,000 for VRF, Keepers, wallet support, and governance; and an annual cost of $800,000 for explorers, custody, and risk management, totaling $13.2 million. This only applies to Sonic. Here are our costs from last year: $10.9 million for research and development; $10.7 million for ecology; $410,000 for legal; $3.8 million for compliance; $2.4 million for infrastructure; $1.4 million for marketing; $1.2 million for bounties; $400,000 for sponsorships; $350,000 for media; $200,000 for regulation; $100,000 for events; and a total cost of $35.6 million (not including exchange listing, which fortunately we do not need to do this year).

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30